Bangladesh’s power deal with Adani Group, signed during Sheikh Hasina’s government, faces increased scrutiny following a US indictment of top Adani officials and a recent High Court order to investigate the agreement. The controversial 1,600 MW deal allows Adani to export electricity from its Godda coal-fired plant to Bangladesh. Critics argue that the agreement, signed without competitive tendering, resulted in Bangladesh purchasing electricity at inflated prices. In February 2023, the Bangladesh Power Development Board requested a price revision, highlighting that Adani quoted $400 per tonne for coal, while other plants paid below $250.
With the Awami League-led government’s fall in August, the Mohammad Yunus-led interim government has formed a committee to review energy agreements, including this deal. Experts predict Bangladesh will pressure Adani for price reductions. The power pricing issue, previously aided by strong India-Bangladesh political ties, now faces heightened challenges under the changing political landscape.
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